EIEL's subsidiary acquires Vento Power Infra for ₹115.61 crore
The acquisition of a 40 MW solar power project is a significant step for EIEL, but the financial details suggest a moderate impact.
The acquisition of Vento Power Infra is likely to positively impact EIEL by expanding its presence in the renewable energy sector.
* Enviro Infra Engineers Limited (EIEL), through its Wholly Owned Subsidiary, EIE Renewables Private Limited, has acquired Vento Power Infra Private Limited on 20 August 2025. * The acquisition follows a Letter of Intent (LOI) received from PTC India Financial Services Limited, after winning a bid, as informed on 23 June 2025. * Deloitte Touche Tohmatsu India LLP acted as sell side transaction advisor and Saraf and Partners as legal advisor for the transaction. * The cost of acquisition is ₹ 115.61 crore. * Vento Power Infra Private Limited is engaged in the development of a 40 MW (AC) grid connected solar power project in Bolangir District of Odisha. * The solar power generated will be sold at a tariff of ₹ 4.1/unit for approximately 18 years. * Vento Power Infra Private Limited's Networth (as on 31 March 2024) is ₹ (79.18) crore and Turnover (as on 31 March 2024) is ₹ 16.50 crore. * The acquisition will enable EIEL to tap into opportunities in the renewable energy sector and aligns with the company's long-term vision to expand into sustainable business segments.
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Enviro Infra Engineers Limited filed this with the NSE as a statutory disclosure, categorised under mergers & acquisitions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Enviro Infra Engineers Limited. Read the original for the full detail.